Asi Sioux Falls Inc

Analysis

Asi Sioux Falls Inc is a registered charity in United States, based in St Paul, MN. It received its IRS tax-exemption ruling in November 2009, 17 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending March 2024, Asi Sioux Falls Inc reported income of $129k and spending of $171k, spending 132% of what it took in. Across the 5 years on record, from March 2020 to March 2024, income grew from $99k to $129k (+31%), an average of +7.0% a year. Over the whole period it spent 146% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Asi Sioux Falls Inc sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 41st percentile within MN. Charities of a similar size with the same main cause include 434 Ministries ($129k), Roselawn Manor Inc ($130k) and Aura Home Women Vets ($129k).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 50% and program service revenue 50% of the total. Other salaries and wages came to $27k. At year end it held assets of $1.5m against liabilities of $96k, net assets of $1.4m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.